Tag Archives : Odds

What if we told you that a swing trader who picks the right stock just 55%-65% can be hugely successful? That is, if just one out of every two of your swing trades earn money then you can make a lot of money over time. However, it is also possible to be right 80% or even 90% of the time and still go broke. All it takes is one or two big losses to wipe out all of your hard-earned gains. The difference between a successful swing trader and a failed swing trader has as much to do with how risk is managed as it does in making good stock picks. [...]

Is the Penny Stock Prophet a Scam? What’s the deal, is it a legitimate opportunity? Can you make money with the penny stock picks the formula identifies? That’s the real question, right? I say you can. I like what the “prophet” is doing.Read my complete Penny Stock Prophet reviews. Maybe my experience is paying off for me, but I have had great success with the Penny Stock Prophet Newsletter. It’s not perfect, but nothing in the world of penny stocks ever is.  I’m having gains on about 80% of the trades. Believe me, that’s really good. [...]

If you want to win at forex trading then using forex charts and technical analysis is a great way to do it. Forex charting is easy, time efficient and works yet; traders still make basic errors that cause them to lose. Let’s look at the errors made and why you need to avoid them. 1. Forex Charts Predict A common mistake, traders think they need to predict to win – but of course this is simply hoping or guessing and is destined to see you lose. If you use charts the correct way, you trade on the reality of price change and trade it, [...]

Forex scalping and day trading is more popular than ever and is the choice of most new forex traders but is it the right one and how do you enjoy forex scalping success – lets find out. 1. Short Term Volatility is Random Millions of forex traders trade trillions of dollars in currency each day and to say that you can measure what this diverse number of traders will do in a few hours, or a day is laughable you cant. 2. Support and Resistance Levels are Meaningless To trade any market you need to have valid levels of support or resistance [...]

More novice traders are attracted to day trading than any other time span and most start with a forex scalping system, bought from a vendor and then they lose. You can’t win with forex scalping for the following reason…. If you want to win at forex trading, you need to get the odds on your side and this means isolating areas of support and resistance to key off and you can do this in long time frames but not within a day – it’s a fact all daily volatility is random, so you cant trade the odds and that means you cant win. [...]

Most traders simply don’t know how and why Forex prices really move and fall for myths or views of self proclaimed gurus and it leads them to disaster so if you want to win at Forex trading, understand they key points in this article and you can make bigger profits. The points we make in relation to Forex price movement below, are in no particular order of importance there all important! 1. Forex Prices cannot Be predicted in Advance How many cheap robots or Forex Expert Advisors, do you see claiming you can predict the market with certainty [...]

So this thing called trading is pretty simple, isn’t it? You find yourself a pattern that presents good odds of producing an expected outcome. And then, you just trade it enough times to make the odds come through. Nothing to it! You wonder why most people fail at this activity when it’s such an easy thing to master. During the process needed to attain a level of mastery in the markets, every trader will reach a stage where he will begin to doubt himself and his abilities. This will typically be the product of several losses in a row, [...]

Many penny stock traders enjoy the idea of swing trading. This allows you to buy and follow the trend without watching through the day. These penny stock plays are normally three to five day plays sometimes longer. I have found through penny stock trading my top 12 rules for swing trading. 1. If the trade moves in your favor, carry it overnight–the odds favor follow-through. Expect to exit the next day around the objective point. An overnight gap presents an excellent opportunity to take profits. Concentrating on only one entry or one exit [...]

I know this time of year can be hectic, with the kids getting out school and summer vacations beginning.  Since we’re heading into a busy summer some of you may have missed my important articles from last week, so I arranged for one more chance to grab the famous 10 minute strategy. You can’t count on this proven system being around for even one more day! I had to convince the guys to dig in the warehouse for any extra copies and plead with them to release a few more digital versions.  I was just told they had 16 more copies to release. [...]

Most traders think forex money management is just placing a stop and it’s much more than that. Good money management can turn a losing system into a winner and mediocre system into one that makes triple digit gains. If you want to win long term at forex trading, you need to defend what you have and keep losses small. As the old saying goes – to win you need to bet and you can’t bet if you’re not at the table! Obvious but true. Most traders pay very little attention to money management – but it’s the cornerstone [...]